Thursday, July 30, 2009

Afternoon session

My 5 trades for today. There is a strong resistance at 134.72 from a 4-hour chart fibo line. Better to stop here and not chasing the breakout.

3 comments:

Unknown said...

very nice trades!
but I'm wondering, where would have been your sl on the first trade? I certainly would have been rather nervous =(
anyway, your time is gmt+2?
best regards
dr_ceran

The forexbird said...

hi dok,

you are right,the first one was risky, i risked 10-11 pips on this, my stop was below the 50% of previous move up fibo line, at 134.31. Price stopped one pip above this.. I was lucky. A big risk indeed.

I am at CET+1, or UK time +2.

Marshell said...

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